Regent Seven Seas Cruises has entered into a definitive contract with Italy’s Fincantieri shipyard to build a new ship with delivery scheduled in summer 2016.

Accommodating 738 guests, the new ship will be named Seven Seas Explorer and will be the luxury line’s third all-suite, all-balcony ship. At 54,000 gross-registered tons, Seven Seas Explorer will be the largest vessel in the Regent Seven Seas Cruises fleet. The contract price for the vessel is approximately $450 million,…